56 Park St - Office FOR SALE


Montclair, NJ 07042
$3,500,000 USD
973-769-0101
56 Park St, Montclair, NJ for Sale
$3,500,000 USD
Office - FOR SALE
1/27
null | Request Cap Rate

56 Park St
Montclair, NJ 07042


OVERVIEW

Queen Anne Victoria building built in 1880, renovated and expanded in 1986. A substantial renovation has been completed 2023. The upgrades are replacement and improvements to the turret windows, gutters, porch, pillars, and painting of the exterior. In 2022 new HVAC system and ductwork was installed. The property is an existing , three-story, single-tenant office building containing 10,895 SF. There are 42 parking spaces. Building has an elevator for 4 floors and is handicap accessible. The property is currently 100% leased until March 31, 2024, when the current tenant intends to move to a new location. Building has been owner occupied for many years.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

OR-3

APN/PARCEL ID

13-02307-0000-00008

ASK ABOUT THIS PROPERTY

Andree BertscheStanton Company RealtorsMore Info
973-769-0101

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Andree BertscheStanton Company RealtorsMore Info
973-769-0101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.